Ralph Lauren could soon be almost $900 million richer.
The founder, chairman and chief executive officer of Polo Ralph Lauren Corp. is set to give up about a quarter of his Class B voting shares in the company in a secondary public offering that could net him almost that amount, yet dilute his control of the voting stock by a mere 1.6 percent — to about 93.5 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)